Overview
- Investors who bought James Hardie stock between May 20 and August 18, 2025 can move to be lead plaintiff by December 23, 2025.
- The case, Laborers' District Council & Contractors' Pension Fund of Ohio v. James Hardie (No. 25-cv-13018), is pending in the U.S. District Court for the Northern District of Illinois under Sections 10(b), 20(a) and Rule 10b-5.
- Plaintiffs allege management observed customer destocking in April–May 2025 yet issued May 20–21 statements asserting strong demand and denying destocking, with claims of inventory loading by channel partners.
- On August 19, 2025 the company reported a 12% sales decline in North America Fiber Cement, described by CEO Aaron Erter as a normalization of channel inventories, and the stock fell over 34% by August 20 ($28.43 to $18.64).
- The litigation is in early stages with no class certified, and firms including Johnson Fistel, Hagens Berman, Robbins LLP, Kahn Swick & Foti/ClaimsFiler, Bernstein Liebhard, and Robbins Geller are soliciting affected investors and whistleblowers.